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Bhutan Moves 100 Bitcoin as Arkham Data Shows Ongoing Sales

According to Arkham Intelligence, Bhutan’s Royal Government transferred 100.44 Bitcoin worth about $8.2 million, extending a months-long pattern of treasury outflows linked to state-tracked wallets.

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Fact Check
All three sources corroborate the core claim. The Block reports ~100.44 BTC ($8.2M) moved on May 12, 2026, with 2026 outflows exceeding $230 million, citing Arkham. The Arkham X post (the primary data originator) confirms 100 BTC ($8.1M) moved. CoinPost independently confirms the $230.39 million year-to-date sales figure and the May 12 transfer. The minor discrepancy in USD value ($8.1M vs $8.2M) is attributable to Bitcoin price fluctuation between the time of the transfer and reporting, not a factual error. The $230.39 million figure is precisely corroborated by CoinPost and directionally confirmed by The Block ('over $230 million'). The claim accurately reflects Arkham blockchain intelligence data.
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Summary

Bhutan’s government moved another 100.44 BTC valued at roughly $8.2 million, according to on-chain data published by Arkham Intelligence. The transfer extends a months-long pattern of treasury outflows tied to wallets attributed to the Royal Government of Bhutan. This update adds precision to the latest reported movement, but does not materially change the broader picture that Bhutan has been steadily moving Bitcoin from state-linked reserves.

Terms & Concepts
  • On-chain data: Transaction and wallet activity recorded directly on a blockchain, allowing transfers to be monitored in near real time.
  • Arkham Intelligence: A blockchain analytics platform that tracks and labels crypto wallets to monitor fund movements and identify entities behind transactions.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.